23 Things They Don't Tell You about Capitalism
Admittedly not revolutionary. Pure reformist stuff. But makes very important observations on how destructive free-market economics are and have been. One doesn't have to agree with Chang's argument that capitalism itself is not necessarily a bad thing to appreciate his well-founded critisms of the free market.
It debunks the very possibility of the existence of a a free market, it elaborates why owner...more
I find it rather disappointing. It often addresses straw men and commonly held misconceptions about how economists think (rather than how economists actually think), and often fails to present opposing argume...more
"The free trade, free-market policies that have rarely, if ever, worked. Most of the rich countries did not uses such policies when they were developing countries themselves, while these policies have slowed down growth and increased income inequality in the developing countries in the...more
however, things 16 and 23 are absolutely brilliant and he goes straight for the jugular: they made me happy! things 9 and 17 are also pretty damn good.
i don't think anything he says is particularly reve...more
Ha-Joon Chang starts every chapter with a brief explanation on 'myths' he claimed put forward by the capitalists and free market advocates. I, however, found that some of the 'myths' he mentions in the book are not...more
23 Things The Don’t Tell You About Capitalism takes the sacred cows of free market economics one-by-one and calmly slaughte...more
Narrated by Joe Barrett
8 hrs and 58 mins
Thing 1: There is no such thing as the free market.
Thing 4: The washing machine has changed the world more than the Internet.
Thing 5: Assume the worst about people, and you get the worst.
Thing 13: Making rich people richer doesn't make the rest of us richer.
If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what...more
The book consists of 23 things they DO tell us about Capitalism, and these are summarised in a paragraph at the beginning of each Chapter of the book. What is fascinating is that each of these paragraphs read very familiarly indeed: they are exactly spot on as concepts most readers will have heard, and possibly even agreed with regarding this subject. The rest of each Chapter then proceeds to discuss...more
Written clearly, the book tackles some of the prevailing assumptions of the neo-liberal orthodoxy that has dominated economic thinking of the last 30 years much to the detriment of people everywhere. Most of the book is spent debunking the Reaganite/Thatcherite school of thought, and argues for a different form of c...more
Dobrzy ekonomiści nie są niezbędni do prowadzenia dobrej polityki gospodarczej. Urzędnicy zajmujący się gospodarką, którzy odnieśli największe sukcesy, zazwyczaj nie byli ekonomistami. Podczas „cudownych lat” japońską i(w mniejszym stopniu) koreańską polityką gospodarczą kierowali prawnicy. Na Tajwanie iw Chinach autorami bardzo skutecznych polityk gospodarczych byli inżynierowie.”
Czas obudzić si...more
In simple and...more
Chang's contentions make you think. He addresses some common misconceptions that spring from the media daily, and debunks them with empirical data.
I listened to an audio version of this book purchased from Audible.com. The author's general point of view is that of someone who advocates a mixed economy with both market and non-market (mainly government) aspects, with a greater role for government than in the United States. The book is primarily a critque of various points of view allegedly put forth by advocates of a free market economy. I say allegedly because I felt that some of the points of view were to some extent straw men. I found t...more
He points out that western countries are not richer because their people are more entrepreneurial. The reality is that third world people are more self reliant because they have to be....more
The result is a disgustingly inconsistent book... people are good, but the decisions they make in the marketplace are bad... governments are good, but corporations are bad... inflation is good but easy credit is bad.
And those are his BETTER...more
I've never read anything on Capitalism and I've never read anything by Ha-Joon Chang before this either. So I'm coming in from an extremely fresh point of view. I have to say I really enjoyed this book. This book probably shouldn't have been my intro book to Capitalism but either way I enjoyed it. This book had some really interesting points and ways to relate it to today. It was very well written and informative.
I'd recommend this...more